U.S. automakers reportedly may get more time from Canadian gov't

Canada's Industry Minister Tony Clement says the government is willing to negotiate an aid deal with General Motors Corp.
GM, +0.33%
and Chrysler LLC past an end-of-March deadline, adding Ottawa has looked at "Plan B" scenarios in the event one of them goes bankrupt, according to Canada's Financial Post on Saturday. Clement said there are signals the Obama Administration is willing to extend a March 31 deadline by which GM and Chrysler have to submit certified reports as a condition for U.S. aid. He said Canada is also willing to stretch that timeframe for the Canadian arms of GM and Chrysler, adding, "As long as they are still viable, there's no rush... If they wanted a month extension, if that's what makes them have the best plan possible, with all of the stakeholders at the table - CAW, U.S. government, Ontario government - that's fine by us." GM Canada has said it needs a deal in place with the Canadian Auto Workers union and the Canadian governments by March 31. Full story at: http://www.nationalpost.com/story.html?id=1336778

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